Carlyle acquires 49% stake in China shopping malls
The Carlyle Group has acquired a 49% stake in two shopping malls in Suzhou and Hangzhou owned and operated by Chinese developer SZITIC Commercial Property (SCP) as part of a strategic partnership.
The investment was made by a vehicle advised by Carlyle Asia Real Estate (CARE). Financial terms have not been disclosed. Both properties, Suzhou In-City Mall and Hangzhou Gudun In-City Mall, are located...
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